Plans vague, rely on oil

A new 5-year plan for economic and social development in Iraq offers little details, but relies on oil exports to double and fund projects that will only succeed if security improves.
Iraqi workers build the base of a small bridge in central Baghdad on May 12, 2010, as part of municipal projects aimed at helping ease traffic in the congested Iraqi capital. (ALI AL-SAADI/AFP/Getty Images)

BAGHDAD - Iraq has laid out an ambitious five-year agenda for improving all sectors of the economy and society. The plan relies heavily on oil and gas revenue, but contains few other specifics for accomplishing its goals.

The Planning Ministry's "Five-Year National Development Plan" calls for private investment to provide almost half the capital needed for its various aims, which include bolstering security, tackling corruption and diversifying Iraq's economy.

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